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Back Fundamental analysis
Gold Plummets to $4,050
Gold has declined, falling below $4,050
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Gold has declined, falling below $4,050 per ounce and marking a two-week low. Today, the metal briefly lost 0.6% after a 1.7% drop yesterday, but has since partially offset those losses.The pressure comes from two fronts. The dollar has strengthened by 0.6% since the beginning of the week, which automatically makes dollar-priced gold more expensive for international buyers. Additionally, the sell-off in tech stocks is forcing investors to reduce their positions in the metal to cover losses in other sectors.A
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
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Maxim Magdalinin
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